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The mission of the department mirrors that of Kalamazoo College. We strive to prepare our graduates to better understand, live successfully and prosperously within, and provide enlightened leadership to a richly diverse and increasingly complex world. The department’s primary objective is to ensure that our students can apply economic and business principles to the world around them. To achieve this objective, the department introduces the students to economic and business problems, theories, and policies within the context of a liberal arts education. The department’s courses fall into four broad categories: (1) economic theory at the introductory and intermediate levels, (2) quantitative tools and methods, (3) fundamental business principles, and (4) economic and business field courses. In addition to the department’s course work, students also benefit from practical experience through internships, a senior individualized project, and a senior seminar.
The department offers two distinct majors: a major in economics and a major in business, both of which require a total of ten units for completion. The department also offers three different minors: a minor in economics, a minor in business, and a minor in international economics and business. A student cannot major in both economics and business; neither can a student both major and minor within the department.
Please also see our recommended course track.
Major in Economics
ECON 101 Principles of Economics
ECON 205 Mathematical Methods for Economics *
ECON 206 Business Statistics *
ECON 305 Intermediate Microeconomics **
ECON 306 Intermediate Macroeconomics **
ECON 490 Senior Seminar
Take four out of the following courses:
ECON 225 Economics of Developing Countries
ECON 235 Environmental and Resource Economics
ECON 240 Public Finance and Fiscal Policy
ECON 245 Money, Banking, and Financial Markets
ECON 265 Issues in Urban Economics
ECON 275 Industrial Organization and Public Policy
ECON 280 Law and Economics
ECON 285 Multinational Finance
ECON 290 Open Economy Macroeconomics
ECON 330 Econometrics
ECON 401 International Trade
* Can be satisfied with courses taken from the Department of Mathematics
** Students may not receive credit for both ECON 305 and ECON 315, nor for both ECON 306 and ECON 316
ECON 101 Principles of Economics
ECON 210 Principles of Accounting
ECON 206 Business Statistics *
ECON 315 Theory of the Firm (or 305) **
ECON 316 Nat. Income & Business Cycles (or 306) **
ECON 490 Senior Seminar: Business Topics
Take four out of the following courses:
ECON 201 International Business
ECON 215 Principles of Managerial Accounting
ECON 245 Money, Banking, and Financial Markets
ECON 285 Multinational Finance
ECON 300 Principles of Corporate Finance
ECON 320 Principles of Marketing
ECON 325 Investments
* Can be satisfied with courses taken from the Department of Mathematics
** Students may not receive credit for both ECON 305 and ECON 315, nor for both ECON 306 and ECON 316
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